Compliance
Operations - Sanctions Screening & Monitoring

Role - Team Leader

About TerraPay

TerraPay
delivers the world’s fastest high-impact mobile-first payments. It operates a
Cross-Border Mobile Payments Network for emerging markets, processing money
transfers, push and merchant payments in real-time for duly licensed
financial institutions, organizations and merchants. Leading companies around
the world rely on TerraPay’s Mobile Payments solutions for digital payments.

Please
visit www.terrapay.com, for
more information.

Description

TerraPay
Global/Group Compliance is responsible for ensuring compliance with
anti-money laundering (“AML”), Bank Secrecy Act, USA PATRIOT Act, OFAC, EU
and sanctions regulations for the global operations. Additionally, AML
oversees key processes and risks of the KYC department as well as global
Compliance Program, Regulatory and Procedural requirements.

TerraPay
requires a Sanction Screening & Monitoring Compliance Analyst within the Global Sanctions and Monitoring Program team. Individual responsible for ensuring
compliance with OFAC, E.U., and other applicable sanctions programs
throughout TerraPay. This includes reviewing alerts on transactions (second
level review) and static data (first level review) for potential matches to
the OFAC, E.U., and any other applicable lists and investigating potential
matches, reporting blocked property or rejected transactions to OFAC,
investigating and drafting Voluntary Self-Disclosures to OFAC, providing
sanctions-related advisory support to TerraPay business units, reviewing the
Sanctions Risk Assessment, and coordinating with the Sanction Screening &
Monitoring Compliance Manager or Global Head of Compliance, as appropriate.

The
incumbent will also be responsible for TerraPay Partner and Customer
Monitoring program and applicable reporting tasks. The incumbent will be
tasked with proposing corrective action measures to mitigate any risks
identified throughout the execution of Compliance tasks as well as update of
the relevant risk matrix.

Experience req.

5 to 7
years

Qualification

Mandatory
– Graduate

Desirable
- Compliance/ audit/ forensic investigations

Skills required

Technical

· Knowledge of compliance regulations

· Experience in payments/ financial industry

Functional

· Attention to detail

· Excellent written and verbal skills

· Ability to persuade cross functionally

· Team management

Behavioural





· Self-starter

· Unimpeachable integrity

· Driver of culture of compliance

Competency

· Prior
Compliance, Operations or Technology experience, including List
Management/Tuning.

· Ability
to work closely with technology teams, clearly explaining regulatory needs to
system developers and technicians.

· Ability
to work collaboratively and effectively within a complex organization, across
multiple cultures, geographies, and disciplines.

· Ability
to balance multiple, changing priorities in a dynamic and fast-moving working
environment

Responsibilities

· Positive
understanding of the rules and regulations in the UK. Mauritius, and other
FATF level rules/ countries TerraPay operate in

· Manage
the day-to-day operations of the Sanctions Screening & Transaction Monitoring
Compliance program for TerraPay’s Global Compliance operations by working in
collaboration with the Global Compliance team and business operations the
achieve the company goals

· Monitor the daily work queues and the review the Sanctions and
Transaction Monitoring alerts by investigating and making appropriate decisions.

· Execution
of the compliance company strategies by contributing information, analysis,
and recommendations and translate these into deliverables

· Monitor the emails received from Partner compliance and the
business for queries related to compliance blocks which is required to
actioned immediately

· Be vigilant to identify red flags and escalate the same.

· Liaise with the partner compliance teams to raise queries where
additional information is required

· Work
closely with the Compliance Technology and Operations teams on issues related
to sanctions screening and list management including tuning, analytics and
data governance.

· Liaise
with Group Compliance and Technology teams on sanctions screening issues,
including list management and rules by recommending opportunities for tuning
the sanctions screening lists with rules, to develop structure for ongoing
review lists.

· Execution of




enhancements of processes and procedures with a commitment to consistency and
successful implementation within the set targets and deadlines

· Identify potential
screening gaps and develop implementation plans to address them

· Manage and work
with the internal Technical team closely to ensure processes and procedures
meet with regulatory standards

· Proactively
represent TerraPay Sanctions Compliance in all initiatives to implement or
upgrade sanctions screening software and additional lists for screening.

· Conduct testing of
technology modifications from a user perspective and sign-off on system
changes as needed.

· Develop and prepare
key metrics for daily and monthly oversight and reporting to senior
management

· Execution of enhancements of processes and
procedures with a commitment to consistency and successful implementation
within the set targets and deadlines

· Conducting
new and ongoing due diligence, monitoring and risk assessments of our
accounts and partners in accordance with the Risk Based Approach

· Responsible
for updating and maintenance of all related TerraPay Sanction Screening and
Monitoring & Reporting Program document management.

· Build and maintain regulatory
relations with relevant regulators in countries we are entering into; also
with authorities, and partners working alongside management team in
proactively managing these relationships

· Manage the regional
specific regulatory reporting to ensure that all entities’ regulatory filing
and oversight responsibilities are met, Ensure TerraPay’s sanctions screening
is in line with OFAC/EU and all other applicable sanctions laws and
regulations, and supervising tuning associated with upgrade and enhancements
that may be required.

· Manage multiple
Compliance specific projects and meet timely deadlines

· Assist with
coordination of materials for internal and external OFAC/sanctions-related
regulatory examinations

· Co-ordinate with the Regional Compliance Manager for
investigation, oversight and activities across the business and identify any
potential areas of compliance vulnerability and risk

· Be proactive and drive
thought by undertaking ongoing training and contributing during meetings and
huddles

· Build
on the existing Sanction Screening and Monitoring & Reporting Program and escalate any potential risks identified in a timely manner

📌 Compliance Operations - Team Lead (Bengaluru)
🏢 Recognized
📍 Bengaluru